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Beauty Kadan fiscal Q3 profit climbs 50.0% YOY

Beauty Kadan Co. Ltd. said its normalized net income for the fiscal third quarter ended March 31 was ¥6.66 per share, an increase of 50.0% from ¥4.44 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥28.1 million, a gain of 50.0% from ¥18.8 million in the year-earlier period.

The normalized profit margin increased to 1.6% from 1.0% in the year-earlier period.

Total revenue fell 7.5% year over year to ¥1.79 billion from ¥1.94 billion, and total operating expenses fell 8.8% from the prior-year period to ¥1.73 billion from ¥1.89 billion.

Reported net income increased on an annual basis to ¥24.0 million, or ¥5.69 per share, from ¥11.0 million, or ¥2.61 per share.

As of May 14, US$1 was equivalent to ¥119.24.